Packages Limited

Packages Limited
	File:Packages Limited logo.png
Industry	Packaging
Founded	1956
Headquarters	Lahore, Pakistan
Products	Rose Petal
Revenue	Rs.1.8 Billions
Owner	Syed Babar Ali
Number of employees	over 2000
Website	www.packages.com.pk

Packages Limited (پیکیجز لمیٹڈ) is a Pakistani multinational packaging company based in Lahore, Pakistan. The company was founded in 1956.^[1] The company is known for their tissue brand, Rose Petal.

The company is listed on the Pakistan Stock Exchange.

History

Packages Limited was founded in 1956 as a joint venture between the Wazir Ali Group and Swedish companies Akerlund and Rausing of which 73 percent shares were owned by Wazir Ali Group.^[1]

The company is owned by Syed Babar Ali. It's the flagship company of Syed Babar Ali Group of Companies.^[4]

Companies

The group owns following companies:^[5]

Coca-Cola Bottling Plant in Lahore
Milkpak
Packages Mall
Packages Lanka Pvt. Limited
Tri-Pack Films Limited
IGI General Insurance Limited^[4]
IGl Holdings Limited
IGI Investments Pvt Limited
IGl Life Insurance Limited
OMYA
Flexible Packaging Converters
DIC Pakistan Limited
Treet Corporation
Tullo Cooking Oil

Education

Ali Institute of Education

Revenue

In first quarter of 2016, company announced revenue of Rs1.8bn^[2] which showed 22 percent growth from the previous year.^[6]

Incidents

On 10 November 2011, fire broke out at the factory turning a huge amount of Packaging paper, paper roll and manufactured tissue paper into ashes. Reportedly the fire erupted in the tissue-manufacturing area. Then it spread to the packaging and storage sections.^[7]

References

^ ^a ^b ^c "Packages sells Tetra Pak shares for $115m". Dawn (newspaper). 14 March 2009. Retrieved 17 December 2018.
^ ^a ^b Our Equities Correspondent 2 (22 April 2016). "ICI, FFBL, Abbott, Packages Ltd announce results". Dawn (newspaper). Retrieved 17 December 2018. {{cite web}}: |author= has generic name (help)CS1 maint: numeric names: authors list (link)
^ "Company Profile - Packages Limited". packages.com.pk website, Retrieved 17 December 2018.
^ ^a ^b Our Equities Correspondent (6 May 2014). "Packages Limited to expand into real estate". Dawn (newspaper). Retrieved 17 December 2018. {{cite web}}: |author= has generic name (help)
^ "Our Group - Packages Limited". packages.com.pk website. Retrieved 17 December 2018.
^ Gsk, Packages Ltd declare earnings Dawn (newspaper), Published 26 February 2015, Retrieved 17 December 2018
^ Fight against flames at Packages Limited Dawn (newspaper), Published 10 November 2011, Retrieved 17 December 2018

This Pakistani corporation or company article is a stub. You can help Wikipedia by expanding it.

[dawn.com-1] "Packages sells Tetra Pak shares for $115m". Dawn (newspaper). 14 March 2009. Retrieved 17 December 2018.

[Dawn-2] Our Equities Correspondent 2 (22 April 2016). "ICI, FFBL, Abbott, Packages Ltd announce results". Dawn (newspaper). Retrieved 17 December 2018. {{cite web}}: |author= has generic name (help)CS1 maint: numeric names: authors list (link)

[3] "Company Profile - Packages Limited". packages.com.pk website, Retrieved 17 December 2018.

[Dawn1-4] Our Equities Correspondent (6 May 2014). "Packages Limited to expand into real estate". Dawn (newspaper). Retrieved 17 December 2018. {{cite web}}: |author= has generic name (help)

[5] "Our Group - Packages Limited". packages.com.pk website. Retrieved 17 December 2018.

[6] Gsk, Packages Ltd declare earnings Dawn (newspaper), Published 26 February 2015, Retrieved 17 December 2018

[7] Fight against flames at Packages Limited Dawn (newspaper), Published 10 November 2011, Retrieved 17 December 2018

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